Uganda Retirement Benefits Regulatory Authority

Uganda Retirement Benefits Regulatory Authority
URBRA
Agency overview
Formed 2012
Jurisdiction Government of Uganda
Headquarters 1 Clement Hill Road
Kampala, Uganda
Agency executives David Nyakundi Bonyi[1], Chief Executive Officer
Andrew Kasirye, Chairman
Parent agency Uganda Ministry of Finance and Economic Planning
Website Homepage
Footnotes
15 Staff (2014)

The Uganda Retirement Benefits Regulatory Authority (URBRA), is a government owned, semi-autonomous agency responsible for the regulation, licensing, supervision and control of the retirement sector in Uganda, the third-larges economy in East Africa. The agency is also responsible for the formulation of guidelines to allow the liberalization of the retirement sector in the country.[2]

Location

The headquarters of URBRA are located at 3rd to 6th Floor, URBRA Towers, 1 Clement Hill Road, on Nakasero Hill, in Kampala, the capital and largest city in Uganda. The coordinates of the headquarters of URBRA are:0°19'16.0"N, 32°35'12.0"E (Latitude:0.321111; Longitude:32.586667).[3]

History

The Uganda Retirement Benefits Regulatory Authority was established by Act of Parliament of Uganda in 2011. The Agency will be under the Uganda Ministry of Finance and Economic Development, but will be semi-autonomous, with a governing board and a management team, lead by an Executive Director as the CEO. Prior to 2012, there were only two major retirement benefits plans in the country: (a) the Public Employees Retirement Plan for some Civil Servants and (b) the National Social Security Fund (Uganda) (NSSF), for privately employed people, whose employers had at least five employees on payroll. With the establishment of URBRA, new retirement benefits managers are expected to be licensed and sector will be liberalized, improved, with more choices and new retirement products introduced.[4]

See also

References

  1. ↑ Muhumuza, Mark Keith (26 March 2015). "Kenyan Takes Over CEO Role At Pension Regulator". Daily Monitor (Kampala). Retrieved 26 March 2015.
  2. ↑ FINMAP II, . (September 2013). "Recruitment of Chief Executive Officer for the Uganda Retirement Benefits Regulatory Authority (URBRA)". Uganda Ministry of Finance And Economic Planning. Retrieved 19 September 2014.
  3. ↑ Google, . "Location of URBRA At Google Maps". Google Maps. Retrieved 19 September 2014.
  4. ↑ Towers Watson, . (1 January 2013). "Uganda: New Pension Plan Licensing Requirements Launch". TowersWatson.Com. Retrieved 19 September 2014.

External links

Coordinates: 00°19′16″N 32°35′12″E / 0.32111°N 32.58667°E